How B2B marketplaces are transforming the procurement function
An e-commerce expert predicts that digital purchasing from business e-commerce marketplaces will increase buying opportunities for procurement professionals, diversify their roles, and achieve impressive time and cost reductions. In an interview for Business...
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Tips for reducing the cost of company cars
Many companies do not manage their company cars effectively, leading to high operating costs. However, procurement professionals can look at reducing the cost of fleet cars. Here are some tips for reducing the cost of your company cars: Purchase of company cars Buying...
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Why supply chain cybersecurity is a cost reduction priority
It’s a well-established fact of daily procurement work that cost reduction remains a core function. But a cybersecurity expert warns that the cost of reputational damage and business disruption resulting from security vulnerabilities in supply chains could be fatal...
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Five steps to ease tensions between procurement and finance
The tension that often exists between procurement teams and finance colleagues can be fixed by implementing five practical measures, an eProcurement expert suggests. Writing in Global Banking & Finance Review, eProcurement specialist, Paul Ellis, notes that...
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Tips for negotiating with your suppliers
A basic skill that every procurement professional needs is negotiation. It is important to remember that the right deal to fit your scheme of things exists if you can get your negotiations right. Whether negotiating pricing with your suppliers or sealing a deal with...
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PAC: Large firms must help supply chains with cybersecurity
The influential cross-party Public Accounts Committee (PAC) has heeded advice from the Cabinet Office (CO) to urge the government to involve large enterprises in its cybersecurity strategy to help smaller, more vulnerable businesses operating in their supply chains to...
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